ACTIVE

KARTAL

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

3,8 k €

+3.5% YoY

Revenue

189,7 k €

+3.7% YoY

Equity

12,2 k €

+45.1% YoY

What does KARTAL do?

KARTAL is a Private limited company incorporated in 1994. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.496.576

Incorporation

29/09/1994

Legal form

Private limited company

Registered office

Bevrijdingslaan 38
9000 Gent · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	189,7 k €	+3.7%	183 k €	-1.8%	186,4 k €	+12.0%	166,4 k €	+2.2%	162,9 k €	+32.0%	123,4 k €	-23.6%	161,5 k €	+13.9%	141,8 k €	-21.3%	180,1 k €	+11.3%	161,9 k €	+11.0%	145,9 k €	-2.4%	149,5 k €	-33.2%	223,7 k €	+8.0%	207,1 k €	+2.2%	202,6 k €	+43.2%	141,5 k €	-27.5%	195,2 k €	+5.6%	184,9 k €	+27.3%	145,3 k €	+1.5%	143,1 k €
EBITDA	8 k €	+14.0%	7 k €	-55.8%	15,9 k €	+1057%	-1,7 k €	-175%	2,2 k €	+145%	-4,9 k €	-157%	8,7 k €	+248%	-5,9 k €	-160%	9,8 k €	+11670%	83,5 €	+101%	-16,5 k €	+2.6%	-17 k €	-272%	9,9 k €	+203%	3,3 k €	-88.3%	27,8 k €	+261%	-17,2 k €	-303%	8,5 k €	+26.3%	6,7 k €	+28895%	-23,4 €	-101%	2,7 k €
Operating result	8 k €	+14.0%	7 k €	-55.8%	15,9 k €	+1057%	-1,7 k €	-175%	2,2 k €	+145%	-4,9 k €	-157%	8,7 k €	+248%	-5,9 k €	-160%	9,8 k €	+11670%	83,5 €	+101%	-16,5 k €	+30.2%	-23,7 k €	-843%	3,2 k €	+193%	-3,4 k €	-116%	21,1 k €	+187%	-24,2 k €	-391%	8,3 k €	+662%	-1,5 k €	+82.1%	-8,2 k €	-43.4%	-5,7 k €
Net result	3,8 k €	+3.5%	3,7 k €	-68.7%	11,7 k €	+597%	-2,4 k €	-270%	1,4 k €	-92.2%	17,9 k €	-34.1%	27,1 k €	+441%	-7,9 k €	-193%	8,6 k €	+1093%	-864,9 €	+95.0%	-17,4 k €	+31.5%	-25,4 k €	-2550%	1 k €	+117%	-6,1 k €	-132%	19 k €	+173%	-26,1 k €	-464%	7,2 k €	+320%	-3,3 k €	+66.7%	-9,8 k €	-18.3%	-8,3 k €
Balance sheet
Equity	12,2 k €	+45.1%	8,4 k €	+77.2%	4,8 k €	+168%	-7 k €	-51.3%	-4,6 k €	+23.2%	-6 k €	+74.9%	-23,9 k €	+53.2%	-51 k €	-18.5%	-43 k €	+16.6%	-51,6 k €	-1.7%	-50,7 k €	-52.1%	-33,4 k €	-318%	-8 k €	+11.5%	-9 k €	-212%	-2,9 k €	+86.8%	-21,9 k €	-618%	4,2 k €	+243%	-3 k €	-1084%	300,6 €	-97.0%	10,1 k €
Total assets	67,9 k €	+3.2%	65,8 k €	-10.3%	73,3 k €	-14.6%	85,9 k €	+99.6%	43 k €	+7.0%	40,2 k €	-23.8%	52,7 k €	+0.7%	52,3 k €	-18.8%	64,5 k €	-55.3%	144,3 k €	+25.2%	115,3 k €	+7.6%	107,2 k €	+44.0%	74,4 k €	-7.5%	80,4 k €	+31.9%	61 k €	+5.3%	57,9 k €	+18.2%	49 k €	+17.2%	41,8 k €	-5.5%	44,3 k €	-26.5%	60,2 k €
Cash	3,1 k €	+1.4%	3,1 k €	+43.5%	2,1 k €	-44.8%	3,9 k €	-16.2%	4,6 k €	+1.3%	4,5 k €	+750%	533,6 €	-14.2%	621,7 €	+17.5%	529,2 €	-81.8%	2,9 k €	+3.4%	2,8 k €	+10.6%	2,5 k €	-9.5%	2,8 k €	-15.5%	3,3 k €	+41.6%	2,4 k €	+291%	601,2 €	-69.6%	2 k €	-47.9%	3,8 k €	+66.7%	2,3 k €	-15.7%	2,7 k €
Debts	55,6 k €	-3.0%	57,3 k €	-15.9%	68,2 k €	-26.3%	92,5 k €	+95.7%	47,3 k €	+2.3%	46,2 k €	-39.5%	76,3 k €	-25.9%	103,1 k €	-4.1%	107,5 k €	-45.1%	195,9 k €	+18.0%	166 k €	+18.1%	140,5 k €	+70.5%	82,4 k €	-7.9%	89,5 k €	+40.0%	63,9 k €	-19.9%	79,8 k €	+78.1%	44,8 k €	+0.0%	44,8 k €	+1.8%	44 k €	-12.3%	50,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 3 ended

Active mandates

Yasin CALINALTI

Director · since 01 juillet 2018

Active

Hasan CALINALTI

Director · since 17 janvier 2018

Active

Altin CALINALTI

Director

Active

Ended mandates

Yasin CALINALTI

Manager · since 01 juillet 2018

Ended

Hasan CALINALTI

Manager · since 17 janvier 2018

Ended

Altin CALINALTI

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/09/2026	26/09/2025	06/10/2024	10/09/2023	28/09/2022	22/10/2021
General meeting	22/05/2026	23/05/2025	24/05/2024	26/05/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	22/05/2026	08/09/2026	Dutch	PDF
Micro model	31/12/2024	23/05/2025	26/09/2025	Dutch	PDF
Micro model	31/12/2023	24/05/2024	06/10/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	10/09/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	28/09/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	22/10/2021	Dutch	PDF
Micro model	31/12/2019	22/05/2020	15/11/2020	Dutch	PDF
Micro model	31/12/2018	24/05/2019	17/09/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	13/09/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	23/05/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	22/05/2009	29/09/2009	Dutch	PDF
Abridged model	31/12/2007	23/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	16/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 3 ended

Active mandates

Yasin CALINALTI

Director · since 01 juillet 2018

Active

Hasan CALINALTI

Director · since 17 janvier 2018

Active

Altin CALINALTI

Director

Active

Ended mandates

Yasin CALINALTI

Manager · since 01 juillet 2018

Ended

Hasan CALINALTI

Manager · since 17 janvier 2018

Ended

Altin CALINALTI

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2016
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20253,8 k €↑
2024
Annual accounts 20243,7 k €↓
2023
Annual accounts 202311,7 k €↑
2022
Annual accounts 2022-2,4 k €↓
2021
Annual accounts 20211,4 k €↓
2020
Annual accounts 202017,9 k €↓
2019
Annual accounts 201927,1 k €↑
2018
Annual accounts 2018-7,9 k €↓
2017
Annual accounts 20178,6 k €↑
2016
Annual accounts 2016-864,9 €↑
2015
Annual accounts 2015-17,4 k €↑
2014
Annual accounts 2014-25,4 k €↓
2013
Annual accounts 20131 k €↑
2012
Annual accounts 2012-6,1 k €↓
2011
Annual accounts 201119 k €↑
2010
Annual accounts 2010-26,1 k €↓
2009
Annual accounts 20097,2 k €↑
2008
Annual accounts 2008-3,3 k €↑
2007
Annual accounts 2007-9,8 k €↓
2006
Annual accounts 2006-8,3 k €
29/09/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KARTAL

Overview

What does KARTAL do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline